According to TipRanks.com, Richardson is a 4-star analyst with an average return of 7.5% and a 53.4% success rate. Richardson covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Magnolia Oil & Gas, and Canadian Natural.
Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $250.73.
The company has a one-year high of $291.48 and a one-year low of $143.26. Currently, Albemarle has an average volume of 1.12M.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Albemarle Corp. is a specialty company, which engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment engages in developing and manufacture of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.
Read More on ALB:
- SunPower (SPWR) Gets a Buy Rating from Robert W. Baird
- Verra Mobility (VRRM) Receives a Buy from Robert W. Baird
- Crinetics Pharmaceuticals (CRNX) Receives a Buy from Leerink Partners
- Evercore ISI Sticks to Its Buy Rating for Piedmont Lithium (PLL)
- Robert W. Baird Thinks Paypal Holdings’ Stock is Going to Recover